Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2014

Schedule Of Fair Value Of Financial Assets And Liabilities By Level



As of September 30, 2014		Total		Level 1		Level 2		Level 3
Assets from commodity derivative instruments	$	63,109	$	-	$	63,109	$	-
Assets from interest rate derivative instruments		316		-		316		-
Total assets from derivative instruments		63,425		-		63,425		-
Available for sale securities:
Equities		3,997		3,997		-		-
Mutual funds		10,517		10,517		-		-
Exchange traded funds		4,741		4,741		-		-
Total available for sale securities		19,255		19,255		-		-
	$	82,680	$	19,255	$	63,425	$	-

Liabilities from commodity derivative instruments	$	4,928	$	-	$	4,928	$	-
Liabilities from interest rate derivative instruments		7,733		-		7,733		-
Deferred Class B Unit Obligation		134,894		-		-		134,894
	$	147,555	$	-	$	12,661	$	134,894

As of December 31, 2013		Total		Level 1		Level 2		Level 3
Assets from commodity derivative instruments	$	89,616	$	-	$	89,616	$	-
Available for sale securities:
Equities		3,967		3,967		-		-
Mutual funds		11,639		11,639		-		-
Exchange traded funds		3,140		3,140		-		-
Total available for sale securities		18,746		18,746		-		-
	$	108,362	$	18,746	$	89,616	$	-

Liabilities from commodity derivative instruments	$	7,093	$	-	$	7,093	$	-
Liabilities from interest rate derivative instruments		10,391		-		10,391		-
	$	17,484	$	-	$	17,484	$	-

Schedule Of Reconciliation Of Liabilities Classified As Level 3


		Nine Months Ended
		September 30, 2014
Balance at beginning of period	$	-
Recognition of deferred Class B unit obligation		141,777
Changes in fair value		(6,883)
Transfers in and (out) of Level 3		-
Balance at end of period	$	134,894
Gain on deferred Class B unit obligation attributable to the change in fair value still held at the end of the period	$	(6,883)

- Definition

Tabular disclosure of the fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and gains or losses recognized in other comprehensive income (loss) and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs) by class of liability.

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